CONSOLIDATED CHARITIES
The charity provides 4 houses to needy individuals in Bradfield, Berkshire
Financial health, per its FY2024 accounts
The accounts state that the charity reported a positive cashflow of £8k and an operating surplus of £16,212 for the year ended 31 December 2024. However, net assets remain negative at £51,235, a position attributed to significant renovation costs financed partly by interest-free loans. The trustees note that surplus funds are currently being used to re-establish a prudent cash balance after depleting funds over the previous five years.
What the accounts disclose
“The accounts for the year ended 2024 show a positive cashflow of £8k. Surplus funds are being used to re-establish a prudent cash balance having depleted funds in the last five years, after refurbishing of three of the four properties costing £180,000.” — page 1
“This essential investment has been financed in part through our reserves and by loans kindly granted by the Almshouse Association, that are interest free and repayable over 10 years.” — page 1
“A big thank you to those who have supported us through the projects, and particularly to the Bradfield Parish Council for their recent kind donation of £200.” — page 1
“This essential investment has been financed in part through our reserves and by loans kindly granted by the Almshouse Association, that are interest free and repayable over 10 years.” — page 1
“A big thank you to those who have supported us through the projects, and particularly to the Bradfield Parish Council for their recent kind donation of £200.” — page 1
Trustees
- SIMON RICHMOND-KNIGHTchair
- DUNCAN BUTLER
- KAREL ANN WEBB
- MICHELE WALKER
- MR BOB WYATT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £25k | £9k |
| 31/12/2023 | £20k | £96k |
| 31/12/2022 | £17k | £65k |
| 31/12/2021 | £12k | £56k |
| 31/12/2020 | £20k | £37k |
Common questions
Is CONSOLIDATED CHARITIES financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a positive cashflow of £8k and an operating surplus of £16,212 for the year ended 31 December 2024. However, net assets remain negative at £51,235, a position attributed to significant renovation costs financed partly by interest-free loans. The trustees note that surplus funds are currently being used to re-establish a prudent cash balance after depleting funds over the previous five years. Its FY2024 accounts were independently examined.